One of the common financial benefits of Udyam Registration is that MSMEs easily get access to collateral-free loans under the Credit Guarantee Fund Scheme. Banks and NBFCs prefer lending to Udyam-registered businesses because loans under the CGTMSE schemes are backed by the government of India. This means that MSMEs can get working capital, term loans, and business credit whenever th... https://udyamgov.com/blog/financial-and-legal-benefits-of-udyam-registration-in-india